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WHEREAS,the Petitioner will exceed the five year designation period granted in the <br /> Confirmatory resolution, which will expire on September 25, 2011; and <br /> WHEREAS,the Petitioner has requested an additional period of time to complete construction of <br /> the planned project. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, <br /> Indiana, as follows: <br /> SECTION I. The Common Council hereby confirms its Confirming Resolution designating the <br /> area described herein as an Economic Revitalization Area for the purposes of tax abatement. <br /> Such designation is for real property tax abatement only and is now limited to six (6) calendar <br /> years from the date of adoption of the Declaratory Resolution by the Common CounciL <br /> SECTION II. The Common Council hereby determines that the property owner is qualified for <br /> and is granted residential property tax deduction for a period of five (5) years. <br /> SECTION III. This Resolution sha11 be in full force and effect from and after its adoption by the <br /> Common Council and approval by the Mayor. <br /> � ' 1 <br /> Mem er o ommon Council <br /> �� <br /> FI��� �� �'������ ��fl�� <br /> � <br /> �^ s � ���;.�; � <br /> PRESEhTE� ��-� L—�, �l�� � ,� i,`:� d � <br /> � � <br /> IJ�T. APPitOVEt� JOi�I���s'��'".�'�� <br /> '�d�PT�d � �.,� L—1 1 CITYCLERi(,�t3�J��t I���b��ti*•' � <br />